Mega Precious Metals Intersects 61M of 3.44 g/t Gold Including 6.64 g/t Gold Over 30M, Expands High Grade Continuity Near Sur...

Press Release Highlights:



--  Mega's 2014 drill program continues to define near surface high grade
    gold and gold/tungsten structures within a broader gold mineralized zone
    and multiple occurrences of visible gold ("VG"). 
    --  TL-14-526 intersects 61m of 3.44 g/t gold including 6.64 g/t gold
        over 30m 
    --  TL-14-518 intersects 52m of 1.34 g/t gold equivalent including 1.98
        g/t gold over 31m plus 1.17% WO3 over 3.0m 
    --  TL-14-516 intersects 18.5m of 1.81 g/t gold including 2.71 g/t gold
        over 11.85m 
    --  TL-14-520 intersects 25m of 1.00 g/t gold including 1.40 g/t gold
        over 15m 
--  Additional gold and tungsten assays are pending from the ongoing 2014
    OCAP and drill program 



Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega") is pleased to announce an
additional six (6) holes from its 29 hole, 4,784 m winter drill program on its
100% owned high grade gold and tungsten Monument Bay Project, located in
Manitoba. 


Prior to this year's 2014 drill program, limited drilling had taken place in the
top 100 m of the porphyritic dyke host rock and associated shear zones at the
Twin Lakes Deposit. The results are especially significant because of the width
of near surface high grade mineralization, up to 30m in true thickness, and
Mega's ability to continue to intersect continuous gold and gold/tungsten
mineralization within a broader gold mineralized zone all within the upper 50 m
of the deposit. 


The results from TL-14-526 are among the highest gold intercepts with multiple
occurrences of visible gold (VG) in the Twin Lakes Deposit. Drilling continues
to demonstrate that appreciable high grade mineralization occurs within 25m of
surface along the eastern edge of the proposed starter pit. Holes TL-14-513,
TL-14-516, TL-14-518 to TL-14-520 were focused on converting near surface
inferred low grade or waste material into considerable grade potential within
the eastern/central portions of the current proposed pit shell. The current
Monument Bay open-pittable resource covers a strike length of 8 kms with limited
deep drilling. 


Glen Kuntz, P.Geo, President and CEO, stated, "The 2014 drill program has
definitively confirmed that there are multiple continuous high grade gold and
gold tungsten mineralized horizons within the deposit. These horizons are
providing further confidence in our geological model, our ability to continue to
building resources and to realize the full potential of the Monument Bay
Project. 


The continuity of these intercepts along with previously reported gold and
tungsten results are located in continuous shear zones that flank the broad QFP
dike which hosts the majority of the gold and tungsten mineralization and
suggest the potential for an economic Tungsten by-product credit due to the
consistent nature of the gold and tungsten association throughout the Monument
Bay Project. Mega's decision to focus its efforts on near surface resource
expansion, above 150 meters, has further strengthened the geological model and
continues to added significant value for our shareholders."


2014 Gold and Tungsten Infill Drill Results



----------------------------------------------------------------------------
                                                             Au             
                                              Au    WO3   Grade             
                      FROM     TO  Width   Grade   Grade Equiv.             
HOLE#      ZONE        (m)    (m)    (m)   (g/t)     (%)  (g/t)     Comments
----------------------------------------------------------------------------
                                                                 HW Porphyry
TL-14-513  MZTLD      93.0  100.0    7.0    0.93       -   0.93         Dyke
----------------------------------------------------------------------------
                                                                    Porphyry
TL-14-516  MZTLD      94.0  112.5   18.5    1.81       -   1.81         Dyke
----------------------------------------------------------------------------
           includes  98.65  110.5  11.85    2.71       -   2.71      Incl.VG
----------------------------------------------------------------------------
                                                                    Porphyry
TL-14-518  MZTLD      85.0  137.0   52.0    0.50    0.07   1.34         Dyke
----------------------------------------------------------------------------
           includes   86.0  116.0   31.0    0.60    0.11   1.98      Incl.VG
----------------------------------------------------------------------------
                                                                    Porphyry
           includes  113.0  116.0    3.0    0.90    1.17  15.11         Dyke
----------------------------------------------------------------------------
                                                                    Porphyry
TL-14-519  MZTLD      49.0   65.0   16.0    0.75       -   0.75         Dyke
----------------------------------------------------------------------------
                                                                    Porphyry
           MZTLD      80.0   98.0   18.0    0.54    0.03   0.96         Dyke
----------------------------------------------------------------------------
                                                                    Porphyry
           includes   96.4   98.0    1.6    1.58    0.30   5.24         Dyke
----------------------------------------------------------------------------
                                                                    Porphyry
TL-14-520  MZTLD      59.0   84.0   25.0    1.01       -   1.01         Dyke
----------------------------------------------------------------------------
           includes   59.0   74.0   15.0    1.40       -   1.40      Incl.VG
----------------------------------------------------------------------------
TL-14-521                                                                   
 to TL-14-                                                                  
 525                                      Assays pending                    
----------------------------------------------------------------------------
                                                                    Porphyry
TL-14-526  MZTLD      62.0  123.0   61.0    3.44       -   3.44         Dyke
----------------------------------------------------------------------------
           includes   62.0   92.0   30.0    6.64       -   6.64      Incl.VG
----------------------------------------------------------------------------
TL-14-527                                                                   
 to TL-14-                                                                  
 538                                      Assays pending                    
----------------------------------------------------------------------------
Note: Gold equivalent grade is calculated by multiplying the 3 year average 
Tungsten price of $50,300/tonne by the %WO3 then dividing by the Gold price 
$41.47/gram ($1290/ounce), then adding the Gold grade. MZTLD equates to Main
Zone Twin Lakes Deposit Tungsten Current Spot price is $42,000/tonne. Gold  
assays capped at 88.0 gpt as per June 2013 NI43-101 Report. The Company has 
not determined the economic cut-off grade for and metallurgical recoveries  
WO3.                                                                        
                                                                            
Down-hole thickness, true width varies depending on drill hole dip; most    
2014 drill holes are intersecting the vein structures perpendicularly       
therefore down hole width are close to true width                           
                                                                            



More than 12,000 m of new drilling (2013/2014) and over 8,000m of historical
core from 64 drill holes of the OCAP program has yet to be incorporated into a
new resource. Mega expects to provide an updated NI 43-101 resource during Q2/Q3
of 2014 which will encompass gold, tungsten and the results from the
metallurgical testing program currently in progress. The Company has limited
deep drilling at Monument Bay which is located in an Abitibi style Green Stone
Belt and has the same style of gold and tungsten mineralization as the Hollinger
Mine in the Timmins Camp. These types of deposits are known to extend beyond
2,000 m.


To date, all of the holes assayed for gold and tungsten have collectively
increased the overall gold equivalent grade by a weighted average of
approximately 30% when compared to the gold only results. As a point of
reference, current Tungsten only mines have resource grades between 0.09 and
1.1% Tungsten with the average being approx. 0.49% Tungsten
http://www.itia.info/minerals-deposits.html. 


To view Figure 1: Twin Lakes Deposit Composite Long Section - Total Au (Grade X
Metre) Contour Diagram with DDH Pierce Points - Showing Consistent High Grade
Gold Cores, please visit the following link:
http://media3.marketwire.com/docs/Figure1MGP.jpg. 


To view Figure 2: 2014 Drill Hole Cross Section, please visit the following
link: http://media3.marketwire.com/docs/Figure2MGP.jpg. 


The property is located on Crown property in an area of low topographic relief
and outcrop is fairly rare. The Monument Bay Gold Project is located 52 km North
of Red Sucker Lake First Nation (RSLFN), Manitoba.  


Mega currently has winter road access to its camp from local communities.
Manitoba's Current Northern Development Strategy is building all-purpose roads
and infrastructure improvements within the region. Once these are complete, we
will have all purpose roads approximately 52 km of our project area. 


The current power lines with very low electricity rates (estimated at
$0.02-0.04/kWh) are approximately 48 kms from our project area.


Technical Information

The design of Mega's drilling programs, Quality Assurance/Quality Control and
interpretation of results is under the control of Mega's geological staff
including qualified persons employing a QA/QC program consistent with NI 43-101
and industry best practices. A detailed review of Mega's QA/QC procedures is
filed in the NI 43-101 report dated June 17, 2013 and on SEDAR.


All drill core is transported by Company personnel from drill site to our camp
for logging, sampling preparation are completed. Sampling intervals are defined
after core logging and determination of scheelite content by examination under
short-wave UV-light. One half of the core is sent for analysis, while the other
half is retained in the core boxes for future reference. All samples are shipped
to Accurassay Laboratories in Thunder Bay, Ontario and analyzed employing the
appropriate gold fire assaying technique. For QA/QC purposes the Company as well
as the lab submits standards and blanks every 20 samples. Samples are analyzed
for W by XRF and Assay results for tungsten are reported by the laboratory as
W%. WO3 values are calculated using a conversion factor of 1.2611. BC Energy &
Mines


Glen Kuntz, P. Geo, President and CEO, is the Qualified Person for the
information contained in this press release and is a Qualified Person defined by
National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold
Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President
Enterprise Mining Solutions for Runge Ltd., and most recently, Chief Operating
Officer with Mega Precious Metals.  


Mega Precious Metals Inc. is a leading Canadian-based exploration company with a
high quality pipeline of projects located in the mining friendly jurisdictions
of Manitoba, Northwestern Ontario and Nunavut. The Company's significant
portfolio includes the flagship Monument Bay Gold Tungsten Project in NE
Manitoba as well as the N. Madsen Gold Project in the prolific gold mining
district of Red Lake, Ontario. Mega has established a record of delivering rapid
growth through their focused and low cost approach to exploration and resource
development. The Company's common shares trade on the TSX Venture Exchange under
the symbol MGP.


For further information and presentation material, please review the Mega
website at www.megapmi.com.


Forward-looking Statements

Certain statements in this press release relating to the Company's exploration
activities, project expenditures and business plans are "forward-looking
statements" within the meaning of securities legislation. The Company does not
intend, and does not assume any obligation, to update these forward-looking
statements. These forward-looking statements represent management's best
judgment based on current facts and assumptions that management considers
reasonable. The Company makes no representation that reasonable business people
in possession of the same information would reach the same conclusions.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. In
particular, fluctuations in the price of gold or in currency markets could
prevent the Company from achieving its targets. Readers should not place undue
reliance on forward-looking statements. More information about risks and
uncertainties affecting the Company and its business is available in Mega
Precious Metal's filings which are posted on sedar at www.sedar.com.


There is no guarantee that drill results reported in this news release will lead
to the identification of a deposit that can be mined economically, and further
work is required to identify a reserve or resource.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mega Precious Metals Inc.
Glen Kuntz, P.Geo.
President, Chief Executive Officer & Director
O: 807-766-3380 or TF: 877-592-3380
[e-mail]
www.megapmi.com